Act Teleconferencing Inc (fka ACTT)

[kgs]

"Mr. Salas has served as President of Dolphin Asset Management Corporation and its related companies since their founding in 1988. Dolphin Direct is a New York-based private equity fund that invests in micro-cap opportunities. He served as the lead investor in ACT's August 2005 Series AA Convertible Preferred Stock offering."

This fact is why ACTT is in fact doing much better now than in 2007 when Actt went dark.It is reasonable to expect that at some point Dolphin will want to realize it's sizeable gain and when they do they will have 2 options,

1)Find another private equity fund to buy their stake.
2)Bring ACTT out of the dark and sell common shares.

It seems to me it would be easier for Dolphin to sell common shares than find a private equity fund to buy their stake.Given the company's improved health and the current intrest in ACTT's common shares it seems to me the opportunity is ripe for dolphin to convert it's Series AA Convertible Preferred to common, release ACTT's Financials and let the market set the PPS.

So what will the market value ACTT PPS after such a conversion?
Your guess is as good as mine but it will clearly be much much more than $.055. GLTA